17 Jun 2022
JDR Cable Systems, the subsea cable, and umbilical supplier and servicer, part of the TFK Group, has reached a final agreement under the UK government’s Offshore Wind Manufacturing Scheme (OWMIS) on financial support for its new state-of-the-art subsea cable manufacturing facility in Cambois, near Blyth, Northumberland.
The agreement means JDR is on track to begin construction in summer 2022, with a planned opening in 2024. The new £130m UK Export Finance (UKEF) Export Development Guarantee is set to create 171 high-quality local jobs on completion while safeguarding 270 jobs at JDR’s existing facilities.